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not kill his father because david's father was uninsured. david's father had insurance. use on medicare. but because of the unresponsiveness and all the incentives and our system led american health care system cannot really be that concerned about the patient first and foremost, david's father tragically died. and i'm sure he will talk more about that when you hear his remarks. so what's really great about david goldhill's writing, and david's book, is that he not only talks about the real people in our system who are affected, not just the uninjured, but every american who interacts with her health care system and, in a way that makes us understand how much better our system could be. but he critiques it from a free market point of view. he appreciates that are so me things about our health care system that could be better, precisely because it doesn't skew to market principles. one of the great clichÉs in health care policy debate is that health care is different, that health care is somehow immune from laws of economics that affect every other aspect of how we live. and what david
. >> and the republicans won't like it because i say the only efficient player in this marketplace is medicare. >> rose: it's the only efficient player yet a lot of people look at medicare and say it is the cost element of entitlements that will bankrupt the country. >> well, what's going to bankrupt the country is the continuation of what we have today. medicare, the situation i describe where you know someone pays-- well if you look at the-- the md anderson cancer centre is charging 1.5 for generic aspirin tylenol pill am you can buy them on amazon for 1.5 cents. >> rose: exactly. you can buy it on amazon for 1.5 cents and your hospital marks it up you say here 10,000 percent. >> but not to medicare because medicare is ordered by congress only to pay hospitals for their cost, their actual costs including their overhead and everything else. so medicare takes the position in this particular case that if you are paying 1791 a day for your room at md anderson which is what they charge unless it's intensive care, that they should throw in the aspirin for the 1791 a day. medicare would pay 0 for that. and medi
medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. >>> welcome back. the rain has arrived. where you see some of the yellow there is sleet mixing in. when it first came in there was snow out there. for the most part this will be in the form of rain. we will take you through a
found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'lle able to visit any doctor or hospital that accepts medicare patients. plus, there are nono network, and you never need a referral to see a specialist. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so
of exposure to medicare rates. here's why. rates could go down next year based on what's being said by the center for medicare and medicaid services. peter barnes followed the story from washington. isn't that what people want? rates to go down? >> well, not if you're investing in health insurance stocks; right, liz? health insurance companies, and the industry plans to fight back on some proposedded cuts that would hit something called medicare advantage, the popular hmo version of method care, friday, the centers for medicare and medicaid services proposed a cut for 5% or more for insurance companies that offer medicare advantage, about a quarter of all seniors in medicare, about 15 million enrolledded in medicare advantage instead of regular medicare. now, for some seniors, medicare advantage can be a better deal with added benefits like vision care and dental, but patients have to stay in the network, of course, which helps insurance companies manage their costs. now, the private insurers are reimbursed by the government. the feds can lower reimburrments now, but the industry sa
by 60%, you must have crushed prices. here's what actually happened. the average amount medicare reimburses per day in a hospital has grown by 5x since 1983. so 60% decline in the number of patients, 5x increase in price. we should all be so lucky. i wallet to be in that business. -- i want to be in that business. now, another statistic which is entirely sort of irrelevant but fascinating. hospitals tell medicare what their costs are so that medicare can power the price -- can compare the price they pay to hospitals' costs. so in those 30 years that medicare increased the price paid to hospitals by five times, hospitals reported that hair costs had incleesed -- that their costs had increased by eight times. so the interesting thing is our demand collapsed. in any industry that would have been devastating, right? medicare paid five times as more, but the hospitals say they're now only getting reimbursed 40% of their costs down from 70%. and one of my most fond, you know, you have to stand outside to see this is that medicare insists that hospitals perform medicare services at a lo
. >> the federal government is proposing a surprise cut of about 5% or so. the hmo version of medicare. about a quarter of all seniors in medicare. medicare advantage cause a little less and usually offers additional benefits like vision care and dental. patients have to stay inside their network. in theory, that health insurance companies save money in these types of plans. private insurance provides the health coverage to seniors and made they get a reimbursement from the government. it was released on friday by the center for the care and medicaid services. dagen: peter, thank you very much for that. shouldn't we be surprised by these bigger than expected cuts and reimbursements? >> thank you for having me on, dagen. i am surprised people are surprised. when president obama talks about abuse in medicare, somehow he is talking about medicare advantage. the administration should not be surprised that you have these bigger than expected cuts right here today on the reimbursement. dagen: to kind of look at it a picture, is this an effort by the government, either by the white house, to kind of
an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, medicare supplement insurance helps cover some of what medicare doesn't pay -- expens
part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, medicare supplement insuranc
insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, medicare supplement insurance helps cover some of what medicare doesn't pay -- expenses that could really add up. these kind
, or medicare will be. today payments will be cut, and they are steep. the program affected medicare advantage. as the medicare program in which private insurers provide health insurance to seniors and then paid back by the government. those payments now expected to be much lower. the insurance industry says $11 billion lower. the new payments rates are still not final, but the ns sent shares and health care stocks tumbling today. look at this. he managed down 11%. it rebounded slightly. still closing down more than 6%. it's not just talk oldest and denied there. paul ryan he was accused of throwing granny off the cliff. remember this? who is throwing gray off the cliff now? the effective date is with advancing years been described by the health insurance lobby is a crushing blow. the 14 million americans rely on medicare advantage now now at a disadvantage. many insurance comnies a expected to get out of the medicare advantage business. coverage disrupted or dropped altogether. promises that turned out to be false. insurance premiums that go up, not down. assumptions that are not realistic. f
stocks taking a hit. proposing lowering medicare rates next year. peter barnes joins us now from inside the beltway with the details on this story. peter: they are proposing a cut of about 5% or so in payments to insurance companies that offer medicare advantage is. about a quarter of all seniors in medicare, about 15 million of them, are enrolled in medicare advantage. they could have added benefits. patients have to stay in their healthcare network which helps insurance companies, in theory, manage their costs. private insurers are reimbursed for all of this by the government. the administration has long argued that the government overpays insurance companies in medicare advantage, but some analysts note they have read and done that before. >> back to 2009 when the industry was hit with a very unexpected 4.5% rate cut. it really shook the stakes quite a bit in the weeks after it took out. humana actually grew its margin in the face of backup. >> the administration has it in for medicare advantage. peter: this is a proposal. it is out for public comment for 45 days. there is an opportu
been a good time to save medicare. >> jon: instead of why didn't he go out there and say something about medicare. something -- what was that? >> i'm medicare i'm prepared to enact reforms that will achieve the same amount of health care savings by the beginning of the next decade as those proposed by the bipartisan simpson bowles commission. >> jon: i see the problem, once again rather than responding responding to actual obama, republicans are stuck responding to the fictional image of obama they created. the smaim boilerplate republican talking points but just with a better backstory. >> more government isn't going to help you get ahead. it's going to hold you back. more government isn't going to create more opportunities. it's going to limit them. >> jon: cue the same republican in the same speech trying to limit your access to federal help that managed to help him and not hold him back. >> i believe in financial aid. i couldn't have gone to college without it. medicare is important to me. it's the same medicare my mother receives right now. >> jon: but i point is (bleep) it. [
and medicare weren't going to pay as much as they were hoping for and a whole bunch of stocks are down big-time. lauren: this health care sector over the past year, david, up 20%. liz: office supplies leaving the gate. we knew they would move because of the rumor yesterday and report that officemax and office depot might be linking up, but these are big moves today. lauren: huge move moves come ash as 30 plus percent during the session. did you know there were $158 billion in deals so far this year and only mid-february? david: and we will have a lot more to come. best buy doing quite well, why? lauren: best buy has started a turnaround effort, best buy shares are certainly higher. while that was expected, investors liking that move as well. liz: videogame makers to the upside. lauren: that is one investor optimism that playstation four could be announced tomorrow. it will be a big one. david: thank you very much. we will come back to you as we get breaking news, lot of it coming. dell reported, herbalife, lot of reporting as we see an up day in the market, very nice sign looking toward ea
provisions. current loss includes cuts to medicare patients by the end of the year. current law includes the sequester, and many members of congress have argued they would like to do something different instead of that. our alternative scenario takes a with a sequester. -- takes away the sequestered. an alternative scenario, total debt rises by 2 1/2 trillion dollars more over the next decade than current baseline projections. >> you ask what happens if debt rises and stays high. there are some costs that are quite predictable and other risks that are created. over time, not under the current economic conditions but the conditions we expect later in the decade of nearly full employment in the economy, at that point a large amount of debt will crowd out some private investment that would then raise wages and income. the higher the debt is the more that investment is likely to be crowded out. we have models to capture that and report soda -- and report those to you. there are some countries that have had very high levels of debt and have not communicated -- or not persuaded their potential
' power panel breaks it down. >>> health insurers get nauseous over medicare advantage cuts. the government may reimburse them less than thought which could bring a crushing blow to seniors and access to care. aetna health's former ceo is here to explain. >>> elizabeth warren taking a battering ram to banks and their regulators in congress and her assault is just beginning. we have a top bank industry expert with the inside scoop whether war can inflict big damage to our financial institutions. even when they say it's not it is always about money sandra: we start tonight with big news from alan simpson and erskin bowles. they used their new plan for deficit reduction. here it is in a nutshell. it calls for overhauling the tax code and implementing the tax cuts. it cuts the federal deficit by 2.4 doll trillion over the ten years. this is more of the white house goal of 1.5 trillion. but the bottom line no one will be really happy because it hurts both ways. we have an all-star money power panel to break it down. diana further got roth. she is with the formerly with the u.s. d
in terms of retirement is hardly radical. it is changing the medicare age one year, 40 years from now. that's correct. that's really a down payment for a four decades from now on doing anything significant on entitlement. >> that speaks of the complexity of getting anything done. you know, when -- even before when they were talking about raising the medicare age last year when it was more central to the negotiations behind the scenes, they're still talking about doing it over 25 years and not starting for a long, long time. you can't even get that done. the other idea that they threw on the table was this idea of a chain cpi of just changing the indexing for the rate that these programs grow and the benefits grow and, you know, that idea at some -- had some backers inside the white house for a little while, but now democrats seem very cool to that. there's just not -- there's no consensus about what to do on entitlement reform even if there was consensus to do something on entitlement reform, and republicans have no interested int whatsoever in raising tax,s, and that's the whole purpose of
there on the wings of lunesta. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you.
needed help figuring out what's covered by medicare and what's not. so we turned to the same folks we've relied on for health insurance all these years. announcer: ron and carol called anthem blue cross and found an affordable medicare supplement insurance plan that pays for many of the costs that original medicare won't. now they have the confidence to keep making memories for years to come. choose from options like plans with deductibles as low as $0 and $0 for coinsurance. plus get protection from high out of pocket costs. get the freedom to keep your own doctors that you know and trust. and even get stand alone prescription drug plans for brand name and generic prescription drugs at more than 54,000 pharmacies across the country. if you're eligible for medicare or will be soon we'll help you find a plan that fits your needs. call or go online now to get answers. the camera overlooks an area >>> a web cab in la hoya catches two women abusing sea lions and seals. it overlooks an area where the sea lions and seals give birth to their pups but the two women were caught harassi
... could've had a v8. >>> in congress, i'll strengthen social security, defend medicare, and protect women's healthcare. my record is clear. i always take your side, always. >> that was florida freshman congresswoman, well, now congresswoman lois frankel. she's no stranger to politics. she was first elected to the florida statehouse in 1986. after six years in office she decided to make a bid for the u.s. house, losing to hastings. she returned in 1994 and became the first minority leader in state history. she ran for mayor of west palm beach, beating the incumbent. 2011 frankel announced she would challenge tea party leader and got the backing of nancy pelosi. she decided to run in the 18th district, making it an open race, and republican adam hasker. 20 years after losing her first bid, she pulled out a victory. lois frankel, i know the area well. congresswoman, thanks for being on this morning. >> thank you. good morning. >> good morning. let me ask you about what is going to be in the news today. simpson-bowles is rolling out a new proposal, grand bargain, if you will. it includes a lo
for a popular medicare option known as medicare advantage, it's basically the hmo for medicare, it's about a quarter of all seniors in medicare are enrolled in medicare advantage and instead of regular medicare, it tends to cost less and lower deductibles, but you have to be in the hmo. late friday, theecenters for medicare and medicaid services quietly announced this proposed change which would take effect for the companies that manage medicare beneficiaries in medicare advantage, it's a 45 day comment period so it's not settled and decided firmly yet and the company had time to push back, but that's what it's got the health care stocks knocked off today. >> they have may have announced it quietly on friday, but on tuesday morning, a spectacular effect on stocks, they're down big time. peter barnes in washington, thank you very much indeed. david is with us from couple berland advisors and i want you to flesh out this response more. you said it was a refiner problem. tell bus that. >> you have refiners in the united states shut down for maintenance and some of that is extending out. so, t
Search Results 0 to 49 of about 570 (some duplicates have been removed)